Shana - the overlying purpose for using a Realtor in the greater Chicagoland area, is to market your home. If you're not going to use a Realtor, you'll have to handle the marketing, showing, etc...
A real estate attorney can handle the rest... they can review any contract you'd receive, help you negotiate the contract and the inspection, and they'll hire and arrange for the title company. It might be worthwhile to contact a real estate attorney in advance, and go over exactly what aspects of the transaction they're willing to handle, how that might work, and what they will charge you.
Good luck.... more
There is nothing about listing them separately. If the condo is deeded with one parking space, you will have to separate the deed, which will cost you to do that legal work.
And then, when you put them on the market, your parking may get an offer before the condo does( I'm sure there is someone in the same building who is looking for an extra spot) And that will limited you market ability for your condo. I will definitely not recommend you to put them on the market separately.... more
For the price point of a 2/2 in the GC buyers will be willing to do it particularly if the bath is older and needs updating also. I do not see a problem although it would be a bit easier if the owrk was already done for them.... more
That sounds like a very nice unit you have for rent. I actually have done a lot of rentals in the area and can get it rented for you within 5-10 days. I also do full tenant screening and advertising to get you the most amount of money. I also have a program to do it for half the cost other broker's charge.
If you need some help or guidance feel free to give me a call or drop me an email.
Baird & Warner
Direct/ Cell: 708-935-4997... more
There are 2 essential variables at play here:
Price - Take a good look at comparable properties that sold in the past 6 months. If you're not getting a lot of activity after an extended period of time, the market may be telling you that you may be priced too high. Inventory may be low, but buyers still want bargains. Consider offering some sort of incentive (ie, home warranty, closing cost assistance, or a free cruise. You can find give-away packages online)
Condition of the Property - Even if you're in the most desirable building, block, or neighborhood. Most owner-occupant buyers want something nice where they only have to add a few touches to make it theirs. Spruce it up, stage it nicely, and you may even get multiple offers.... more
First of all, every property is different and will have a different value you may not need to short sale. In order to qualify for a short-sale you must meet some requirements and the bank has the final approval. Let's explore the options available, feel free to contact me at any time we specialize in short-sales!
Keller Williams, Gold Coast
676 N. Michigan Ave. suite 3010
Chicago, IL 60611
Cell 773-490-9791... more
The condo board can indeed decide not to allow any more rentals - I know this because it happened at a condo building where I have a rental. I bought it to rent and, luckily for me, the board "grandfathered" me in and allowed me to rent it, but any purchases after that cannot be rented.
You would probably need to speak to an attorney regarding this status, but mortgage lenders are wary of condo buildings with too many rentals.... more
Indeed - these loans are still very common. I am happy to help should you have any questions
Senior Vice President of Mortgage Lending
Got cut off..
Anyway, with my situation, I wanted to hear some advice. Will it be possible for me to get the loan I'm looking for? If so, can anyone point me in the right direction for a self-employed individual?
Special assessments are not always a bad thing. Work that is long overdue that is finally being done for you can save you a fortune. Keep in mind, as an example, the old single paned windows from the 70's are in so many buildings and they need to be replaced at some point. While the building may be in otherwise great shape from good maintenance practices the windows will have to go no matter what is done.
In terms of how much, it depends on the building. A brand new concrete design will need much less upkeep than an old more cheaply constructed structure. The monthly assesment is a great indicator of building health. If you see that it keeps going up year after year they're putting band-aids on cracks in a damn.
Newman Realty... more
If your nervous about an areas safety check out: chicago.everyblock.com/crime.
We as agents cant comment on things of that nature. Also go there at different times of the day and night and see how comfortable you feel with the area.
If you are not working with an agent, I suggest you do so. This way you have someone to walk you through the buying process at no cost to you. Interview two or three agents and go with the one you mesh best with.
Americorp Real Estate
Brokers Associate, e-PRO
Are you willing to change it back into a second bedroom before you sell?
I've seen so many homes with the sellers style, but it's not everyone elses. I too have a home office, but know before I list I'll need to clean it up and stage it as a second bedroom that will fit a king sized bed with a dresser.
Deana Truppa... more
It's a condo, but it has not been on the market since 2007. There are others on the market now if you are interested. Trulia ia a terrible site to search for property. Try realtor.com or just about any web site from any real estate Broker.....like mine, if you want 'real time' listings and are not ready to work with an agent.